Greenwich, Conn. – The nation’s $1 trillion hedge fund industry doesn’t need further regulation because current rules are sufficient to protect investors, a federal Treasury official said Tuesday.
“If the solution were as simple as granting additional regulatory authority, regulators would have certainly asked for it,” Anthony Ryan, assistant Treasury secretary, told about 200 hedge fund managers and executives meeting in Greenwich.
“The fact of the matter is at this time, no regulator feels that it needs regulatory authority to achieve its goals of protecting investors or mitigating systemic risk.”
